Property Valuation
Which of the following types of depreciation is generally considered incurable?
ADeferred maintenance (peeling paint, worn carpets)
BExternal obsolescence from an economic recession✓ Correct
CAn outdated kitchen that can be renovated profitably
DA broken water heater
Explanation
External obsolescence is usually incurable because the cause is outside the property owner's control — such as regional economic decline or a new highway nearby. Deferred maintenance and some functional obsolescence items are curable.
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